320 S Normandie Ave - Apartments FOR SALE


Los Angeles, CA 90020- Koreatown
$1,400,000 USD
323-605-2114
320 S Normandie Ave, Los Angeles, CA for Sale
$1,400,000 USD
Apartments - FOR SALE
1/26
null | 5.71% Cap Rate

320 S Normandie Ave
Los Angeles, CA 90020
Koreatown


HIGHLIGHTS

  • Well-kept Charming Mid-Century Building
  • 9 (1+1) & 1 Studio GREAT MIX!
  • Well below replacement cost @ $199/FT
  • Ultra-high demand Central Mid-Wilshire location
  • Exceptional Walk Score of 91, a true "Walker's Paradise" with dining, shopping, and daily errands just steps away
  • 7 on-site parking spaces

OVERVIEW

The Kanner Group is pleased to present 320 S Normandie Avenue — a charming 10-unit mid-century apartment building located on a palm tree-lined street in the highly sought-after Koreatown/Mid-Wilshire neighborhood of historic Los Angeles, just east of Western Avenue and south of 3rd Street. Built in 1956, the property has a total of 10 units, offering an ideal mix of 9 (1+1) and 1 single units averaging approximately 500 SF and 675 SF respectively. Together, the building provides 7,039 gross square feet of living space across 7,937 square feet of LAR4-2-zoned land, with 7 parking spaces serving the residents. The units feature bright, airy interiors with large picture windows that flood each space with natural light. Select kitchens have been thoughtfully upgraded over the years with new cabinetry, countertops, and stainless-steel appliances. Bathrooms feature contemporary vanities, updated fixtures, and tub/shower combinations. With a Walk Score of 91, proximity to the 101, 2, 10, and 110 freeways, and just 0.5 miles from the Wilshire/Normandie Metro D (Purple) Line station and 0.9 miles from the Wilshire/Vermont Metro B (Red) and D (Purple) Line station, residents enjoy effortless connectivity to the countless shopping, dining, entertainment, and cultural destinations of Koreatown, Westlake, Mid-Wilshire, Hollywood, revitalized Downtown Los Angeles, and beyond. 320 S Normandie Avenue represents an exceptional opportunity for an investor to implement a value-add strategy or thoughtfully add a value plan as units become available.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$199 USD /SF

# OF UNITS

10

PRICE/UNIT

$140,000

CAP RATE

5.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,000 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5502-002-005

ASK ABOUT THIS PROPERTY

Matthew KannerThe Kanner GroupMore Info
323-605-2114

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Matthew KannerThe Kanner GroupMore Info
323-605-2114

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.